Currency pair USD/RUB US Dollar to Russian Ruble is trading at 64.83 rubles per dollar and continues to move as part of growth. The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a side trend for the pair US Dollar and Russian ruble. As part of the forecast for the Dollar for today April 10, 2019. A test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 64.60. Where can we expect a rebound and continued growth of the pair USD/RUB with the target at 66.70.
Russian Ruble Forecast USD/RUB April 10, 2019
An additional signal in favor of the growth of the dollar against the Russian ruble will be a rebound from the support area. The second signal will be a rebound from the upper boundary of the descending channel. Earlier, a weak signal was received for SELL the US Dollar and Russian Ruble. The signal was formed due to the intersection of the signal lines at the level of 65.25.
Canceling the option of raising the quotes of the USD/RUB pair will be a breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotes below 64.10. This option will indicate an upward trend in favor of a downward trend and the continuation of the fall with a potential target at the level of 63.05. The USD/RUB pair is expected to accelerate growth with the breakdown of the resistance area and closing above 65.65.
Russian Ruble Forecast USD/RUB April 10, 2019 implies an attempt to test the support area near the level of 64.60. Where can we expect to continue the growth of the currency pair with a potential target near the level of 66.70. Cancellation of the growth of the pair will be the breakdown of the area of 64.10. This will indicate a continuation of the fall of the US dollar to the Russian ruble rate with a potential target below the level of 63.05.